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Hainan acts to clamp down on property speculation

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Hainan's new measures prevent buyers from getting mortgages to purchase third homes and will also ban non-residents from buying second newly built homes in the province.

Shanghai

CHINA'S southern island province of Hainan has drawn up measures to clamp down on real estate speculation, the official Hainan Daily newspaper reported, the latest in a flurry of steps to tame hot property prices.

Cities across China have been rolling out much tougher real

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